Question

The sales tax rate in New Mexico is 8% You buy an Anime coloring book that is $18. What is the final price of the Anime coloring book? Justify how you determined the final price.

Answer 1

Answer: $ 19.44

Explanation:

Give : Original price of coloring book = $18

Sales tax = 8% =0.08 [we divide number by 100 to remove %]

Now , the final price of the Anime coloring book = Original price + (Original price) x (Sales tax)

=$ ( 18+18 x 0.08)

= $ (18)(1+0.08)

= $ (18)(1.08)

= $ 19.44

Hence, the final price of the Anime coloring book = $ 19.44